Bitcoin rides on gold. While this year’s results reached record lows in the markets, the Bitcoin (BTC) remains ” the principal objective ” investors, recording inflows of $310.6 million over the past two weeks.
The Bitcoin Rush (BTC)
We mentioned this CoinShares report during one of our technical analysis on the queen of cryptocurrencies, last week. It was then observed, as the head of research at CoinShares points out, James Butterfillthat bitcoin related products recorded a significant increasefor the past two weeks.
For comparison, although ETH-related investment products registered $2.7 million last week, ETH is not dominating institutional investors. They are all after BTC. THE top 100 richest people in the world testifies to it.
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A treasure of 310 million dollars just with BTC
More specifically, these are $310.6 million who have entered into BTC-related products, underlining an already noticed attraction of institutions for the queen of cryptocurrencies, whether across the Atlantic or on Asian markets.
The report also points out that Bitcoin products have represented 98% entries from investment products in digital assets, highlighting the visible increase in capitalization Bitcoin’s dominance in recent days, shifted to 51.46%.
The queen of cryptocurrencies remains a must-have value for institutional investors, despite a harsh and boring crypto winter. Massive inflows into bitcoin investment products testify to the enduring appeal of this cryptocurrency as an asset class, as also evidenced by renewed enthusiasm for finance moguls for Bitcoin ETFs.
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